Form 4: Matador Resources CFO Brian Willey Reports Changes in Beneficial Ownership

EVP and CFO of Matador Resources, Brian J. Willey, reports changes in beneficial ownership due to tax liability settlement and employee stock purchase plan acquisitions.

Summary

• On June 4, 2024, Brian J. Willey, EVP and CFO of Matador Resources, reported changes in his beneficial ownership of the company's common stock.
• 1,640 shares were withheld by the issuer to cover tax liabilities upon the vesting of 4,167 shares of restricted stock granted on June 4, 2021, at a price of $59.21 per share.
• Willey's total direct holdings after the transaction amount to 85,142 shares.
• He also indirectly owns 3,760 shares through his Individual Retirement Account.
• The reported holdings include 3,880 shares of restricted stock granted on February 17, 2022, vesting on the third anniversary, and 5,334 shares granted on February 16, 2023, vesting in equal installments on the second and third anniversaries.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document is a standard SEC filing reporting changes in beneficial ownership. It doesn't inherently indicate positive or negative performance for the company.

Positives

• The reporting person continues to hold a significant number of shares in the company, indicating confidence in its future.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track changes in ownership and potential alignment of interests.

Stakeholder Impact

• Shareholders can monitor insider transactions to gain insights into management's perspective on the company's stock.

Key Dates